Stanley Laman Group Ltd. Has $3.20 Million Position in NexGen Energy Ltd. (NYSE:NXE)

Stanley Laman Group Ltd. increased its holdings in NexGen Energy Ltd. (NYSE:NXE) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 490,040 shares of the company’s stock after purchasing an additional 9,991 shares during the period. Stanley Laman Group Ltd. owned approximately 0.09% of NexGen Energy worth $3,200,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NXE. Goldman Sachs Group Inc. raised its position in NexGen Energy by 74.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company’s stock worth $23,393,000 after purchasing an additional 1,430,709 shares in the last quarter. Avalon Capital Management raised its position in NexGen Energy by 8.3% in the first quarter. Avalon Capital Management now owns 54,671 shares of the company’s stock worth $425,000 after purchasing an additional 4,173 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in NexGen Energy in the first quarter worth about $390,000. Violich Capital Management Inc. raised its position in NexGen Energy by 1.3% in the first quarter. Violich Capital Management Inc. now owns 109,400 shares of the company’s stock worth $850,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in NexGen Energy by 23.3% in the first quarter. Van ECK Associates Corp now owns 1,852,355 shares of the company’s stock worth $14,395,000 after purchasing an additional 350,017 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Trading Down 0.8 %

Shares of NexGen Energy stock opened at $7.89 on Wednesday. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 789.79 and a beta of 1.91. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.88. The firm’s 50-day moving average price is $6.41 and its two-hundred day moving average price is $6.92.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. During the same quarter in the prior year, the firm earned ($0.03) EPS. As a group, equities research analysts predict that NexGen Energy Ltd. will post -0.09 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Ventum Cap Mkts raised shares of NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of $11.00.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.